The return of tech leadership? $CRWD is doing the VCP NASDAQ:CRWD looking good. Formming a volatility contraction pattern (VCP), price above 20d, 50d and 200d MA , better than expected earnings for the last 3 quarters and the sector is having a good relative strength against the market. So, now I'll be waiting for the breakout above $227 to entry.
Another thing worth mentioning is that its price earnings ratio (PER) is negative, this means that its earnings are far greater in relation of its stock price and need catching up, which is starting, that is a good sign.
Vcppattern
VCP Pattern WatchA lot of the tickers I'm watching have earnings soon. Guess it's just that season.
Volume has been declining. Looking for some volume to come in.
RS isn't great but towards a 2 week high.
VCP- Mark MinerviniWhat I'm seeing: it broke out as expected. Looking for some sustained higher volume. Looking for the RS to turn up. It has been running flat for while.
I am new to trading VCP patterns. Just trying to document as I learn. Would appreciate feedback from those that are experienced trading Mark Minervini VCP.